AGF Management Ltd. Purchases New Position in Americold Realty Trust, Inc. (NYSE:COLD)

AGF Management Ltd. purchased a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 108,682 shares of the company’s stock, valued at approximately $2,326,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. GC Wealth Management RIA LLC bought a new position in Americold Realty Trust during the 4th quarter valued at about $224,000. Johnson Investment Counsel Inc. bought a new position in Americold Realty Trust during the 4th quarter valued at about $2,011,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Americold Realty Trust by 30.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 220,059 shares of the company’s stock valued at $4,709,000 after purchasing an additional 51,002 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Americold Realty Trust by 5.7% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 117,690 shares of the company’s stock valued at $2,519,000 after purchasing an additional 6,372 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of Americold Realty Trust in the fourth quarter worth about $933,000. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COLD has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Barclays dropped their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Raymond James dropped their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Scotiabank boosted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th. Finally, Truist Financial dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $29.25.

Americold Realty Trust Stock Up 3.1 %

Shares of NYSE:COLD opened at $21.39 on Friday. Americold Realty Trust, Inc. has a one year low of $20.41 and a one year high of $30.45. The company has a 50 day moving average of $21.73 and a 200-day moving average of $24.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of -62.90, a P/E/G ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -258.82%.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.